During 2019, a team was sold for $ 39,000. The equipment had originally been purchased for $ 64,000 and had a book value of $ 36,000 at the time of sale. The balance of the Accumulated Depreciation account as of December 31, 2018 was $ 172,000 and as of December 31, 2019 it was $ 184,000. Determine and calculate the two adjustments that, based on these data, must be made to net income if the Indirect Method is used to report operational activities in the Statement of Cash Flows. Also, determine whether something should occur in the other two sections of that state as a result of the situation described.

1) indicate nature and calculate amount of adjustment #1

2) Indicate nature and calculate amount of adjustment #2

3) Possible presentation in other sections of Cash Flows Statement